Contact Lens Maker Alcon's Has New Growth Avenues, Analyst Upgrades Stock
Portfolio Pulse from Vandana Singh
Oppenheimer has upgraded Alcon Inc (NYSE: ALC) to 'Outperform' following strong Q1 earnings and new growth opportunities, including the acquisition of BELKIN Vision and market share gains in China.
May 15, 2024 | 6:35 pm
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Oppenheimer has upgraded Alcon Inc (NYSE: ALC) to 'Outperform' with a price target of $103, following strong Q1 earnings and new growth opportunities such as the acquisition of BELKIN Vision and market share gains in China.
The upgrade to 'Outperform' and a new price target of $103 from Oppenheimer, combined with strong Q1 earnings and new growth opportunities, are likely to positively impact Alcon's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100